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Holly Energy Partners

DB:HHN
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HHN
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Holly Energy Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Holly Energy Partners has significant price volatility in the past 3 months.
HHN Share Price and Events
7 Day Returns
-21.6%
DB:HHN
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-62.2%
DB:HHN
21.9%
DE Oil and Gas
-17.7%
DE Market
HHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Holly Energy Partners (HHN) -21.6% -51.9% -55.7% -62.2% -72.7% -68.4%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • HHN underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • HHN underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
HHN
Industry
5yr Volatility vs Market

HHN Value

 Is Holly Energy Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Holly Energy Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Holly Energy Partners.

DB:HHN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HHN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (140.11%))
1.471
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.471 * 5.44%)
7.61%

Discounted Cash Flow Calculation for DB:HHN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Holly Energy Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:HHN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.61%)
2020 223.70 Analyst x2 207.88
2021 241.95 Analyst x3 208.94
2022 247.85 Analyst x2 198.90
2023 249.40 Analyst x2 185.99
2024 246.35 Analyst x2 170.72
2025 244.11 Est @ -0.91% 157.21
2026 242.28 Est @ -0.75% 144.99
2027 240.72 Est @ -0.64% 133.87
2028 239.35 Est @ -0.57% 123.70
2029 238.12 Est @ -0.51% 114.36
Present value of next 10 years cash flows $1,646.00
DB:HHN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $238.12 × (1 + -0.39%) ÷ (7.61% – -0.39%)
$2,964.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,964.84 ÷ (1 + 7.61%)10
$1,423.86
DB:HHN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,646.00 + $1,423.86
$3,069.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,069.86 / 105.44
$29.11
DB:HHN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HHN represents 0.86641x of NYSE:HEP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86641x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 29.11 x 0.86641
€25.23
Value per share (EUR) From above. €25.23
Current discount Discount to share price of €9.03
= -1 x (€9.03 - €25.23) / €25.23
64.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Holly Energy Partners is available for.
Intrinsic value
>50%
Share price is €9.03 vs Future cash flow value of €25.23
Current Discount Checks
For Holly Energy Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Holly Energy Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Holly Energy Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Holly Energy Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Holly Energy Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.13
NYSE:HEP Share Price ** NYSE (2020-03-30) in USD $10.42
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Holly Energy Partners.

DB:HHN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HEP Share Price ÷ EPS (both in USD)

= 10.42 ÷ 2.13

4.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Holly Energy Partners is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Holly Energy Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Holly Energy Partners's expected growth come at a high price?
Raw Data
DB:HHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:HHN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.89x ÷ -2%

-2.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Holly Energy Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Holly Energy Partners's assets?
Raw Data
DB:HHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.61
NYSE:HEP Share Price * NYSE (2020-03-30) in USD $10.42
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:HHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HEP Share Price ÷ Book Value per Share (both in USD)

= 10.42 ÷ 3.61

2.88x

* Primary Listing of Holly Energy Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Holly Energy Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Holly Energy Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Holly Energy Partners has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HHN Future Performance

 How is Holly Energy Partners expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Holly Energy Partners expected to grow at an attractive rate?
  • Holly Energy Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Holly Energy Partners's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Holly Energy Partners's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HHN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HHN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -2%
DB:HHN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HHN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 544 289 196 1
2023-12-31 540 288 193 1
2022-12-31 529 283 194 2
2021-12-31 537 292 191 6
2020-12-31 512 275 177 5
2020-03-30
DB:HHN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 533 297 225
2019-09-30 534 306 227
2019-06-30 524 279 189
2019-03-31 512 286 184
2018-12-31 506 295 179
2018-09-30 503 278 217
2018-06-30 487 286 215
2018-03-31 478 275 198
2017-12-31 454 238 160
2017-09-30 438 243 99
2017-06-30 420 246 75
2017-03-31 406 240 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Holly Energy Partners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Holly Energy Partners's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HHN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Holly Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HHN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.86 1.92 1.79 2.00
2023-12-31 1.84 1.88 1.79 2.00
2022-12-31 1.84 1.93 1.79 3.00
2021-12-31 1.85 2.04 1.69 7.00
2020-12-31 1.72 1.92 1.31 7.00
2020-03-30
DB:HHN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.13
2019-09-30 2.15
2019-06-30 1.80
2019-03-31 1.74
2018-12-31 1.70
2018-09-30 2.15
2018-06-30 2.37
2018-03-31 2.46
2017-12-31 2.28
2017-09-30 1.56
2017-06-30 1.21
2017-03-31 1.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Holly Energy Partners is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Holly Energy Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Holly Energy Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HHN Past Performance

  How has Holly Energy Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Holly Energy Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Holly Energy Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Holly Energy Partners's 1-year earnings growth exceeds its 5-year average (25.7% vs 24.2%)
  • Holly Energy Partners's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (25.7% vs -4.1%).
Earnings and Revenue History
Holly Energy Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Holly Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HHN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 532.78 224.88 10.25
2019-09-30 533.94 226.75 10.07
2019-06-30 523.82 189.41 9.85
2019-03-31 511.83 183.86 10.54
2018-12-31 506.22 178.85 11.04
2018-09-30 502.65 217.38 13.74
2018-06-30 487.23 214.87 14.87
2018-03-31 477.61 197.74 14.81
2017-12-31 454.36 159.99 14.32
2017-09-30 437.67 98.88 12.79
2017-06-30 419.91 75.13 11.83
2017-03-31 405.67 78.57 12.08
2016-12-31 402.04 101.02 12.53
2016-09-30 386.77 104.83 11.52
2016-06-30 382.55 109.08 12.52
2016-03-31 371.13 102.84 12.36
2015-12-31 358.88 93.96 12.56
2015-09-30 350.04 84.52 12.55
2015-06-30 343.78 82.27 11.14
2015-03-31 335.30 76.71 10.96
2014-12-31 332.55 70.09 10.82
2014-09-30 322.01 63.04 10.94
2014-06-30 317.60 57.05 11.08
2014-03-31 317.89 55.90 11.67
2013-12-31 305.18 51.93 11.75
2013-09-30 308.74 61.68 10.42
2013-06-30 305.07 64.98 9.40
2013-03-31 298.44 67.60 8.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Holly Energy Partners made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Holly Energy Partners used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Holly Energy Partners has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Holly Energy Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Holly Energy Partners has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HHN Health

 How is Holly Energy Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Holly Energy Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Holly Energy Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Holly Energy Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Holly Energy Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Holly Energy Partners Company Filings, last reported 2 months ago.

DB:HHN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 537.15 1,462.03 13.29
2019-09-30 537.04 1,431.87 7.47
2019-06-30 523.14 1,437.71 6.94
2019-03-31 546.02 1,438.05 11.54
2018-12-31 561.72 1,418.90 3.05
2018-09-30 581.05 1,416.75 6.38
2018-06-30 602.97 1,395.60 6.66
2018-03-31 628.12 1,390.95 8.57
2017-12-31 528.21 1,507.31 7.78
2017-09-30 504.42 1,245.07 7.48
2017-06-30 521.58 1,236.74 16.40
2017-03-31 523.72 1,240.57 7.16
2016-12-31 512.11 1,243.91 3.75
2016-09-30 424.57 1,070.72 7.21
2016-06-30 428.42 1,083.54 4.88
2016-03-31 420.23 1,062.21 9.03
2015-12-31 660.16 1,008.87 15.01
2015-09-30 420.65 951.90 10.86
2015-06-30 425.71 901.61 10.42
2015-03-31 435.85 891.68 5.80
2014-12-31 476.61 868.05 2.83
2014-09-30 454.44 852.65 1.67
2014-06-30 462.31 840.88 6.07
2014-03-31 477.33 835.47 4.88
2013-12-31 487.06 809.44 6.35
2013-09-30 504.18 809.94 11.22
2013-06-30 518.13 799.15 8.72
2013-03-31 529.60 814.78 18.19
  • Holly Energy Partners's level of debt (272.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (182.4% vs 272.2% today).
  • Debt is well covered by operating cash flow (20.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Holly Energy Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Holly Energy Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HHN Dividends

 What is Holly Energy Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
25.82%
Current annual income from Holly Energy Partners dividends. Estimated to be 24.42% next year.
If you bought €2,000 of Holly Energy Partners shares you are expected to receive €516 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Holly Energy Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Holly Energy Partners's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HHN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HHN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.33 2.00
2023-12-31 2.32 2.00
2022-12-31 2.43 3.00
2021-12-31 2.57 7.00
2020-12-31 2.69 7.00
2020-03-30
DB:HHN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-23 2.690 15.647
2019-10-17 2.690 11.788
2019-07-18 2.690 10.240
2019-04-18 2.680 9.723
2019-01-24 2.670 9.378
2018-10-19 2.660 9.103
2018-07-19 2.640 8.536
2018-04-19 2.620 8.974
2018-01-26 2.600 8.901
2017-10-26 2.580 7.847
2017-08-02 2.530 7.616
2017-08-01 2.530 7.109
2017-04-27 2.480 7.416
2017-01-26 2.430 6.808
2016-10-21 2.380 7.293
2016-08-03 2.340 7.014
2016-08-02 2.340 6.788
2016-04-22 2.300 6.701
2016-01-22 2.260 7.677
2015-10-22 2.220 7.220
2015-07-23 2.180 7.038
2015-04-23 2.150 6.400
2015-01-22 2.120 6.577
2014-10-23 2.090 6.558
2014-08-06 2.060 5.836
2014-08-05 2.060 6.168
2014-05-02 2.030 5.933
2014-05-01 2.030 5.982
2014-02-24 2.000 6.136
2014-02-20 2.000 6.084
2013-10-28 1.970 6.168
2013-07-29 1.940 5.635
2013-04-26 1.910 5.063
2013-01-24 1.880 4.768
2012-10-26 1.850 5.586
2012-07-25 1.820 5.412
2012-04-25 1.790 6.270
2012-01-25 1.770 5.964
2011-10-26 1.750 6.400
2011-07-27 1.730 6.819
2011-04-27 1.710 6.376
2011-01-26 1.690 5.994
2010-10-26 1.670 6.513
2010-07-23 1.650 6.645
2010-04-23 1.630 7.553
2010-01-27 1.610 7.521
2009-10-22 1.590 8.233
2009-07-23 1.570 8.404
2009-04-23 1.550 10.202

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Holly Energy Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Holly Energy Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Holly Energy Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Holly Energy Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HHN Management

 What is the CEO of Holly Energy Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Jennings
COMPENSATION $280,017
AGE 53
TENURE AS CEO 0.2 years
CEO Bio

Mr. Michael C. Jennings, also known as Mike, serves as Chief Executive Officer and President of HollyFrontier Corporation since January 1, 2020. Mr. Jennings serves as Chief Executive Officer at Holly Logistic Services since January 1, 2020. Mr. Jennings was the Chairman and Director of Montage Resources Corporation until December 13, 2019. Mr. Jennings served as Executive Vice President of HollyFrontier Corporation until January 1, 2020. Mr. Jennings is the Chairman and Director of Montage Resources Corporation. He has been a Director of HollyFrontier Corporation since July 1, 2011. He serves as Chief Executive Officer at Holly Energy Partners - Operating, L.P. Mr. Jennings also serves as Chief Executive Officer and President at HEP UNEV Pipeline LLC. Mr. Jennings served as Chief Executive Officer of Holly Logistic Services, LLC, a General Partner of Holly Energy Partners, L.P. from January 1, 2014 to November 1, 2016 and also served as its President from October 2015 to February 2016. Mr. Jennings served as the Chief Executive Officer and President of HollyFrontier Corporation since July 2011 until January 2016. Mr. Jennings served as President and Chief Executive Officer of Frontier from 2009 until the merger of Holly and Frontier in July 2011. He served as Executive Vice President and Chief Financial Officer of Frontier from 2005 until 2009. Mr. Jennings had been Non-Executive Chairman of HollyFrontier Corporation since January 1, 2017 until February 13, 2019 and served as its Chairman from January 1, 2013 to January 01, 2016 and its Executive Chairman from January 01, 2016 to January 1, 2017. Mr. Jennings served as the Chairman of the Board of Frontier Oil Corp. since April 28, 2010 until the merger in July 2011 and served as its Chief Executive Officer and President since January 1, 2009. He has many years of experience in finance and acquisitions with Cameron International Corporation (formerly, Cooper Cameron Corp.), Unimin Corp., British Petroleum and U.S. Trust Company of New York. Mr. Jennings served as the Executive Vice President of Finance & Administration and Chief Financial Officer of Frontier Oil Corp. from June 14, 2005 to January 1, 2009. He served as Vice President and Treasurer of Cameron International Corporation from May 2000 to June 2005. From December 1998 to May 2000, he served as Vice President of Finance and Corporate Development of Unimin Corporation. He has been Chairman of the Board at Blue Ridge Mountain Resources, Inc. since June 2016. He served as Director of Acquisitions and Corporate Finance at Cameron International Corporation from July 1995 to November 1998. He has been a Director of Holly Logistic Services, LLC, a General Partner of Holly Energy Partners, L.P. since October 18, 2011. He was Director of ION Geophysical Corporation since December 2, 2010 until February 8, 2019. He has been the Chairman of Holly Logistic Services LLC, a General Partner of Holly Energy Partners, L.P. since November 2017. He has been Independent Director of FTS International, Inc. since January 1, 2019. He served as a Director of Frontier Oil Corp. since November 2008 to July 2011. Mr. Jennings holds a Bachelor of Arts degree in Economics and Government from Dartmouth College and a Master of Business Administration degree in Finance and Accounting from the University of Chicago.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mike's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Holly Energy Partners management team in years:

0.4
Average Tenure
47
Average Age
  • The average tenure for the Holly Energy Partners management team is less than 2 years, this suggests a new team.
Management Team

Mike Jennings

TITLE
Chairman & CEO of Holly Logistic Services LLC
COMPENSATION
$280K
AGE
53
TENURE
0.2 yrs

Rich Voliva

TITLE
President of Holly Logistic Services LLC
COMPENSATION
$621K
AGE
41
TENURE
0.2 yrs

Mark Cunningham

TITLE
Senior Vice President of Operations & Engineering - Holly Logistic Services
COMPENSATION
$873K
AGE
59
TENURE
2.2 yrs

Vaishali Bhatia

TITLE
Senior VP
COMPENSATION
$230K
AGE
36
TENURE
0.6 yrs

John Harrison

TITLE
Senior VP
AGE
40
TENURE
0.2 yrs

Craig Biery

TITLE
Director of Investor Relations

Kenneth Norwood

TITLE
Vice President and Controller of Holly Logistic Services LLC
AGE
53
TENURE
6 yrs

Trey Schonter

TITLE
Executive of Investor Relations

Jared Harding

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the Holly Energy Partners board of directors in years:

2.2
Average Tenure
66
Average Age
  • The average tenure for the Holly Energy Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Jennings

TITLE
Chairman & CEO of Holly Logistic Services LLC
COMPENSATION
$280K
AGE
53
TENURE
2.3 yrs

Larry Baldwin

TITLE
Presiding Director of Holly Logistic Services LLC
COMPENSATION
$230K
AGE
66

James Lee

TITLE
Independent Director of Holly Logistic Services LLC
COMPENSATION
$205K
AGE
70
TENURE
2.3 yrs

Christine LaFollette

TITLE
Independent Director of Holly Logistic Services LLC
COMPENSATION
$205K
AGE
66
TENURE
2 yrs

Eric Mattson

TITLE
Independent Director of Holly Logistic Services LLC
COMPENSATION
$230K
AGE
67
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Holly Energy Partners individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Kenneth Norwood Individual 18. Mar 20 18. Mar 20 3,500 €6.66 €23,322
11. Mar 20 Buy Kenneth Norwood Individual 09. Mar 20 09. Mar 20 3,000 €13.52 €40,573
06. Aug 19 Sell Eric Mattson Individual 05. Aug 19 05. Aug 19 -2,000 €24.71 €-49,248
X
Management checks
We assess Holly Energy Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Holly Energy Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HHN News

Simply Wall St News

HHN Company Info

Description

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington. It operates through two segments, Pipelines and Terminals, and Refinery Processing Units. The company operates refined product pipelines that transport conventional gasolines, reformulated gasolines, and low-octane gasolines for oxygenate blending, as well as distillates, such as high- and low-sulfur diesel and jet fuels, and liquefied petroleum gases; intermediate product pipelines that transport intermediate feedstocks and crude oils; and oil trunk, gathering, and connection pipelines that delivers crude oil. It operates 26 main pipelines; crude gathering networks; 10 refined product terminals; 1 crude terminal; 31,800 track feet of rail storage; 7 locations with truck and/or rail racks; and tankages at 6 refining facility locations, as well as 5 refinery processing units. HEP Logistics Holdings, L.P. serves as the general partner of the company. Holly Energy Partners, L.P. was founded in 2004 and is based in Dallas, Texas.

Details
Name: Holly Energy Partners, L.P.
HHN
Exchange: DB
Founded: 2004
$995,849,801
105,440,201
Website: http://www.hollyenergy.com
Address: Holly Energy Partners, L.P.
2828 North Harwood,
Suite 1300,
Dallas,
Texas, 75201-1507,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HEP Common Units New York Stock Exchange US USD 08. Jul 2004
DB HHN Common Units Deutsche Boerse AG DE EUR 08. Jul 2004
Number of employees
Current staff
Staff numbers
0
Holly Energy Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 20:34
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.